If we stretch the time frame, let's say five years from now, I am not optimistic about $ETH , even though I bought quite a bit of EHT this time. The reason is simple: its gas fees are too high!

In the past few days, the most discussed topic with my friends is $USUAL . He originally wanted to withdraw some USDC to deposit on the usual website, but he kept complaining about Ethereum's gas being too expensive. Tonight, I also intended to withdraw some $USDC to ususl, but as soon as I saw Binance's Ethereum gas, I was suddenly silent, 7.5u! Transferring once costs a full 50 RMB.

I had to give up this transaction.

May I ask, in this era where mobile transfers in traditional banks are free, what do the web3 cryptocurrency practitioners who claim to innovate and disrupt traditional finance think of themselves?

The transfer fees on Ethereum are so high that the transaction costs make users feel hurt. Given time, it will surely be eaten away by public chains with lower costs and comparable functions, or even replaced.

We'll see!